Regulatory Risk - Senior Associate

State Street.
Bangalore, India
Not disclosed
03 Aug 2022
30 Aug 2022
Contract type
Full time
Experience level
Qualified accountant

Who we are looking for

Driven by the Beacon initiatives, functionalization of the corporate functions and re-alignment of the ADAP Operating Model, State Street has established the ADAP COE in 2018. ADAP is a process-focused organization responsible for the escheatment of the ADAP Accounts performed at State Street as per the Jurisdictions and it is part of the Client Off Boarding life cycle. Organizationally, it combines all groups performing ADAP activities globally by all the Business Unit’s ADAP Officers and includes the vendor. ADAP organization is established on principles of Global Process Ownership and process excellence, owning few aspects of business-as-usual ADAP activities, coordinating with all Business areas and driving process improvements and automation Globally.

To achieve this objective, ADAP CoE activities has been structured into several stages and at each Stage ADAP CoE is responsible for all aspects of identifying ADAP Clients as per the Jurisdictions, Completing Due Diligence, Completing the escheatment application, coordinating between the ADAP Officers in each Business Units and KENAE to ensure the funds are transferred to the States as per the filing. ADAP CoE will be responsible for all aspects of business-as-usual activities within ADAP CoE processes, as well as process re-engineering and automation activities – this includes leading process assessments; driving process design and process re-engineering work; co-owning technology initiatives bringing automation to Finance organization, working in close collaboration with the teams in Finance Technology, Finance Re-Engineering, Data Management, and other partnership organizations.

  • The ADAP Senior associate will be responsible for all aspects of ADAP Escheatment filing and oversight.
  • This individual will provide subject matter expertise in the area of ADAP which include the Following.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Regulatory Risk Senior Associate you will

Business As Usual (BAU) Activities:

  • Prepare ADAP CoE SOPs, Business Guidelines and Jurisdictions related documents.
  • Serve as a subject matter expert on ADAP Escheatment filing
  • Provide support to key stakeholders of the team to present analytical results, findings
  • Assist with ad-hoc projects and new process improvement solutions to support the ADAP Process Owner
  • Participate in or manage function specific projects as needed
  • Participate in cross functional project teams across the organization as an ADAP SME for project roll outs within departments outside of ADAP CoE
  • Identify key gaps and suggest possible automation/solutions to facilitate standardization and mitigate risk
  • Recommend procedural changes to enhance the effectiveness of operations
  • Collect and analyze consolidated reporting for all ADAP regions (US, Canada, EMEA, and APAC)
  • Is expected to manage query pertaining to ADAP as process owner.


  • Prepare and update process narratives/procedures and flow charts
  • Response to internal and external requests including variance analysis and inquires
  • Participate in Ad Hoc projects and new transactions

What we value

These skills will help you succeed in this role

  • Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
  • Knowledge of Oracle Financials & other internally developed products such as Cash manager (desirable)
  • Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes
  • Strong attention to details
  • Should be able to multi-task and work under high pressure deadlines
  • Must be able to work in a fast-paced environment
  • Pride of ownership with the ability to deliver high quality results timely and consistently
  • Self-motivated, self-assured, and self-managed
  • Problem solving skill

Education & Preferred Qualifications

  • Bachelor’s/Master’s Degree in Accounting, with at least 3 years of progressive experience in Finance areas with major financial institutions.
  • Practical experience and knowledge of the Financial Products (desirable).
  • knowledge of Client Off Boarding activities (desirable)

Additional requirements

  • Support the implementation of the Re-Engineering, Standardization, Automation project efforts
  • Should be able to suggest or come up with process improvements ideas.
  • Expected to support execution of right-placement strategy

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

For further information, and to apply, please visit our website via the “Apply” button below.

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